Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Hidden Tax Of Labor Hoarding
With US real GDP growth hitting 3.4% in the third quarter of 2026 while unemployment sits at 4.2%, we are seeing a paradox: companies are keeping workers they don't strictly need to avoid firing them. Lucas and Luna break down how this labor hoarding is quietly inflating wage costs, distorting corporate margins, and setting up a fragile foundation for the next economic cycle. We look at why employers are holding onto staff despite softening job openings data, and what that means for your paycheck and the broader economy.
#LaborHoarding #ThirdQuarterGDP #WageInflation #CorporateMargins…
The skinny
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